Fortune Brands reaffirms profit target

TedGriffith

Fortune Brands
FO, +2.86%
is tacking to 2 percent to $43.03 after the company said it'll achieve its earnings expectations for the first quarter and full year 2003. The Scottsdale, Ariz. maker of Jim Beam liquor and Moen faucets said it continues to "feel well-positioned" to hit its long-term goals of double-digit EPS growth and improved returns in 2003. The company's earnings goals exclude any special gains or charges.

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